Market Overview
According to fortune business insights, the U.S. mHealth apps market size was valued at USD 14.02 billion in 2022 and is projected to grow at a CAGR of 40.1% during the forecast period.
The analysis shows that the utilization of mHealth apps has increased rapidly, particularly following the COVID-19 pandemic. These applications help raise awareness about fitness, lifestyle, and diet, and assist in managing chronic conditions by tracking health indicators and storing medical information. The increasing technological advancements, such as AI and telemedicine, are prompting market players to introduce novel products, making diagnosis and care delivery easier and more accessible. For example, in 2022, Planet Fitness was the most popular health and fitness app in the U.S., with over 18 million downloads.
Major Players Profiled in the Market Report:
Segments
Shift in Consumer Attitude to Propel Wellness Management Segment Growth
Based on type, the market is segmented into disease & treatment management, wellness management, and others. The wellness management segment dominated the market in 2022. This growth is attributed to a change in the general population's attitude toward maintaining health and fitness to counteract sedentary lifestyles and prevent chronic diseases.
Growing Geriatric Population to Drive Monitoring Services Segment
By application, the market is classified into monitoring services, fitness solutions, diagnostic services, treatment services, and others. The monitoring services segment accounted for the largest share in 2022, driven by the growing geriatric population suffering from chronic diseases that require continuous health monitoring.
High Accessibility to Drive Google Play Store Segment
Based on marketplace, the market is segmented into Google Play Store, Apple Store, and others. The Google Play Store segment is likely to grow at the highest rate, attributed to its accessibility to a larger audience of Android users and a more developer-friendly platform, which encourages more app launches compared to the Apple Store.
For detailed market insights: https://www.fortunebusinessinsights.com/u-s-mhealth-apps-market-109013